With The ‘Merge’ Software Upgrade, The Ethereum Blockchain Uses Less Energy.
According to its co-founder, the Ethereum blockchain has undergone a significant software upgrade; that significantly lowers its energy consumption. The update,…
Saudi Arabia Surpasses Russia To Become India’s No. 2 Oil Supplier.
The third-largest oil importer and consumer in the world, India, imported 863,950 barrels of petroleum per day (bpd) from Saudi…
Ghana’s Inflation Reached A 21-year High Of 33.9% In August.
In order to help the country get through the harsh economic situation it is currently experiencing as a result of…
FG, EU, AFD Sign €25m To Strengthen Electricity Grid In Northwest.
A grant agreement for €25 million has signed by the Nigerian government and the French Development Agency (AFD) for the…
MTN Nigeria Plans To Issue A N100billion Bond To Pay For Operating Capital.
Under its new N200 billion bond issuance program, MTN Nigeria Plc intends to issue up to N100 billion in series…
Shell Chooses The CEO of Renewables to Promote The Ecofriendly Revolution.
In order to accelerate its transition to a more environmentally friendly future, Shell (SHEL. L) has chosen Wael Sawan to…
Kenyas President Is In Favor of Raising NHIF Contributions From The Wealthy.
Shortly after a comparable plan was rejected by Parliament, President William Ruto has supported the appeal for the wealthy to…
The National Assembly Will Receive Buhari’s N19.76trillion Appropriations Bill In October.
During the inspection of the continuing rehabilitation work on the green chamber and the construction of the National Assembly Service…
Nigeria Bank Deposits Increased by 24% To N42trillion.
From N33.85 trillion at the end of June 2021 to N42. 03 trillion in the same time of 2022, the…
Senate Opens An Investigation Into Niger Delta Oil Theft.
Nigeria suffered significant financial losses as a result of the widespread theft of its crude oil; and it was unable…
United States and Nigeria Agree To Deploy Gas In Support Of Renewable Energy Sources.
The United States said that it would contribute $200 million to Nigeria; and other nations to speed up their transition…
Nigeria Collaborates With India To Produce The Covid-19 Vaccine Locally.
In order to achieve vaccine equity in Nigeria, the Federal Government and the Serum Institute of India have announced a…
Values of Bitcoin and Other Cryptocurrencies Sharply Declined.
Due to the loss of about $89 billion in cryptocurrency, the market value of cryptocurrencies has fallen back below $1…
Despite the currency and energy challenges, companies pay N1.25 trillion in taxes.
The Federal Government received N1.25 trillion in tax revenue from Nigerian businesses in the first half of 2022, despite their…
Aviation Workers Issue 14-day Ultimatum.
A coalition of unions representing aviation employees has vowed to go forward with an industrial strike; within the next 14…
Oil Exploration In Nigeria Begins To Decline As Rig Count Falls.
The global upstream sector of the petroleum industry (OPEC) uses the rig count; as a key indicator of exploration and…
7,000km Gas Pipeline Contract To Be Signed By NNPCL With Morocco And West African Nations.
The Nigeria-Morocco Gas Pipeline (NMGP) project created during King Mohammed VI of Morocco’s visit to Nigeria in December 2016. It…
Senate, Minister Diverge On The N12.43trillion Budget Deficit For 2023.
The committee was informed by the finance minister during an interactive session that the planned N19. 76 trillion budget for…
Pension Withdrawals Increase By 17% To N6.6billion.
Due to difficulties caused by job loss, cash withdrawals from pension contributions by laid-offoff employees increased by 17. 5% to…
More Nigerians Move Abroad, And Passport Issuance Climbs By 38%.
Nigerians leaving the nation have reportedly resigned from their positions in numerous local banks; in order to use the UK’s…
Google Is Being Sued For $25.4billion In Damages By Dutch And UK Courts Over Its Adtech Practices.
Following complaints from publishers, antitrust regulators have recently begun to investigate Google’s adtech. A law firm representing publishers will soon…
Dollar Declines, Prior To Important U.S. Inflation Statistics.
Market anticipation that the Federal Reserve will ease up on interest rate, increases when inflation peaks have caused recent dollar gains to…
Stock Market Loses N38bn As 13 Equities Decline.
13 businesses had an increase in share prices, while 13 firms saw share prices fall. At the close of trading…
Despite Ukraine Crisis, Nigeria’s Imports From Russia Increased By 143%.
Nigeria imported N6.27 billion in herrings and N2.77 billion in blue whiting from Russia in Q1 2022, and N13. 39…
Nigeria’s Cinema Records N378m Revenue In August.
According to the Cinema Exhibitors Association of Nigeria, the country’s cinemas sold 378 million tickets in August, bringing in N378…
2,000 Mining Firms’ Taxes Are Being Recovered by the Nigeria FG.
According to PUNCH, the Federal Government collected N600 billion from Nigerian oil and gas corporations. This includes unpaid taxes, royalties,…
According To Polls, Nigeria Is Africa’s Top User Of Bitcoin.
The value of worldwide Bitcoin trade has surpassed $3 trillion. Farida Nabourema, the organizer of the Bitcoin Africa conference, claimed…
UK And US Investments In Nigeria Decline By $242million.
Economic experts claim that the fall is as a result of a variety of factors. This includes insecurity and the…
The Impact Of Europe’s Energy Crisis Will Grow Over Time.
The energy crunch is a long-term issue that will increase public debt in Europe; render the continent less competitive and…
Kenyan Government Dismisses Case Against Nigerian Tech Firms Accused Of Financial Fraud.
Three Nigerian tech firms doing business in Kenya were the targets of allegations of money laundering by Kenya’s Assets Recovery Agency. Along with Flutterwave, three other businesses were listed: Avalon Offshore Logistics Limited, OIT Africa Limited, and Remix Capital Limited. Initially, they had been charged with utilizing their platform as a means of money laundering. The three companies’ millions of dollars were ordered frozen by the agency in April; making it illegal for…